Biometric Surveillance Technology Will Have 3.2 Billion Dollar Market Cake

To reduce the threat of crime and terrorist attacks, more than 4.5 million cameras have been dramatically installed worldwide for video surveillance over the past decade. In the current decade, video surveillance will integrate biometrics and behavior monitoring technologies, and thus create a new market for biometric surveillance and behavior detection, and have a multi-billion dollar market size.

This technology has undoubtedly solved the technical bottleneck of current video surveillance and people monitoring systems. The bottleneck of the technology is that when the suspect is being monitored, security personnel cannot provide a reliable implementation of the alarm. Therefore, due to the technical bottleneck brought about an astonishing cost increase, the operation requires 24/7 video surveillance workstations. When video surveillance comes with biometrics and behavior detection, it will bring a new round of business growth for video surveillance, biometrics and IT system manufacturers, security system integrators and businesses. This new market (including system sales, upgrades, and original warranty) will have a $3.2 billion market cake in 2016, with a compound growth rate of 33%.